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How best to trade in?
Hi, I have my current car out on finance and I am due an upgrade soon with the current car dealership I am with. Can you trade in your car which is currently out on finance with a different car dealership? I have heard some dealers will take over/pay off your to the finance company if your buying your new car with them.
Our answer:
Hi Jane,
Technically speaking, you do not own the car until you pay off the loan, including the final large payment that is usually part of a PCP agreement. However, you can usually make arrangements between dealers to do this as part of a deal, so best bet is to talk openly to all concerned to ensure you don't break your contract.
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